With implementation of the EU Water Framework Directive required by 2015 if you have not already installed a dedicated wash area time is running out to ensure environmental compliance.
It is a criminal offence to allow certain substances including mineral oils, detergents and chemicals to enter surface drains, watercourses or soakaways, causing groundwater pollution.
Installing a Waste2Water Recycling Wash-Off System provides a superb equipment wash facility and ensures compliance with the environmental legislation.
That's all very well, but what about financing the investment?
With investment in a Recycling Wash System becoming an urgent priority Waste2Water looked at what it could do to assist and now offers an in-house two-year, interest-free finance package on all orders received up to the September 30 2014. The scheme couldn't be simpler:
- in-house scheme - so no finance to apply for or forms to fill in;
- spreads the investment cost over up to 3 accounting years;
- buy now pay later - just 8 x quarterly payments.
Better still, the Waste2Water Recycling Wash System has now been approved on the Water Technology List (WTL).
WTL approval allows a 100% First Year Enhanced Capital Allowance (ECA) to be claimed, enabling the business to claim the full 100% investment cost against taxable profits in the year of purchase. Capital Allowances enable businesses to write off their capital assets against taxable profits.
The standard Annual Capital Allowance is 25% of capital expenditure in each year, allowed on a reducing balance basis. The 25% allowance doesn't sound too bad until you do the maths and find that it takes 8 years to reclaim 90% of your capital expenditure in any year.
If you haven't already upgraded your equipment wash facilities call us now for a free no-obligation site visit. With the two-year, interest-free finance offer and the 100% Enhanced Capital Allowance reducing your tax bill you are already well on your way to funding the first year.
